$JBL with a neutral outlook following its earning releaseThe PEAD projected a neutral outlook for $JBL after a positive over reaction following its earnings release placing the stock in Drift B
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JBL trade ideas
V Bottom Earnings 12-17 BMOLooks like a V bottom with a very slow advance back to the up side..
Trading close to earnings can be risky. A stock can beat expectations and still go down as we have witnessed as of late. I guess it just depends on what Mr. Market's mood is that day (o:
Possible T2 (long term so focus is on targets 1) 77.9 to 85
Possible stop below 30.9.
NV is high as is OBV. There are no significant rising wedges noted in the yearly chart..
A V bottom pattern consists of several consolidation candlesticks that form a v pattern. This pattern looks like the cup and handle pattern without the handle. And the shape is a V instead of a U. There is also a V Cup pattern which does have a handle. This stock appears to have had a period of consolidation and formed a make-shift handle.
The stock market is a war between buyers (bulls) and sellers (bears). The V shows that tug of war. The bears are in control causing the stock to fall. Once it hits support the bulls come in and drive the price back up forming a V.
Not a recommendation/just an observation
Markets are never wrong. Opinions often are, yet everybody has one (o:
$JBL 4 month #AscendingTraingle #ChartPatternNYSE:JBL forming a well defined 4 months ascending triangle chart pattern with $35.75 acting as resistance that has been tested multiple times. Volume pattern shows heavy accumulation that started couple weeks ago. The stock closed just below that price level in today's session and looks ready to break out soon.
JABIL Plan DailyHello traders, JABIL is in a bullish configuration with a large buying volume in the last session. But from larger sales volume before, the TIMEFRAME 1Min shows a bear trait. What makes say that the buyers continue in their decline, they will scream at the last precedent lower of the bulls. The title will start again on its rise, great potential to reach the next higher. Then pass above the next one, not enough force to fill the bullish gap, it can be filled but halfway.
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JBL Swing Trade Setup- Price has been recovering nicely in a well defined channel since the Covid-19 crash.
- The base of the channel is formed by the 20dMA (20 day moving average).
- Price has bounced off this lower channel (20dMA) 3 times. This means the 20dMA and channel bottom is a fairly strong support.
- The 20dMA crossed the 50dMA on May 7th. This is a bullish signal.
- Next time price approaches the 20dMA is will also be near the bottom of the Fibonacci Retracement channel which price has bounced off the last 3 tests. - - -- This means the $27.50 Fib line is fairly strong support.
- The 200dMA is at the $33.60 Fib line. These form overhead resistance lines.
JBL Swing Trade SetupThe setup here is to buy when price bounces off the 20dMA around $28.24 with a target of $33.33 for a 18% gain and a stop loss at $27.29 for a -3.3% loss.
JBL Swing & Portfolio Update
Name Jabil Inc
Symbol JBL
Price to Activate @the Market
Stop Loss 7% Below the Price Bought
1st Target Not Listed Yet
2nd Target Not Listed Yet
Update on portfolio
Sold 75% of $NVDA today for a 7.99% Profit. 25% still left on the table.
$LDOS Stop Raised to $98.51
$MSFT Stop Raised to $168.25
$NVDA Stop Raised to $234.26
$MSFT Up +19.27%
$SEM Up +19.37%
Jabil Earnings Beat + $600m BuybackJabil Inc Rallied Tuesday , on the back the company’s per-share earnings of 88 cents, which beats out Wall Street’s earnings estimate of 86 cents per share. However, revenue of $6.57 billion for the period did miss analysts’ estimate of $6.61 billion.
Highlights from report.
EPS for the fiscal fourth quarter was up almost 26% YoY from 70 cents.
The company’s revenue for the quarter was up close to 14% from $5.33 billion last year.
Operating income for the quarter was up roughly 23% to $189.75 million from $153.90 million in 2018.
The Jabil earnings report also sees net income climb almost 200% YoY to $53.76 million from a net loss of -$56.61 million.
“I’m thrilled with our FY19 results, highlighted by outstanding operational execution, strong free cash flow generation and double-digit core EPS growth,” says Jabil CEO Mark Mondello. “As expected, our revenue was driven higher by targeted end-markets in the areas of 5G, cloud, energy and healthcare.”
The Jabil earnings report also includes its outlook for the fiscal first quarter of 2020. The company is expecting core earnings per share to range from 82 cents to $1.04 with revenue coming in between $6.65 billion to $7.35 billion. That has its mid per-share earnings matching Wall Street’s estimate of 93 cents. It also has the midpoint of the company’s revenue guidance above analysts’ estimate of $6.85 billion.
Company profile
Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the Electronics Manufacturing Services and Diversified Manufacturing Services segments. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.
Jabil Inc looks Bullish as earnings approach.It is no certainty but expectations are high for JBL heading into earnings not only on they results but on the outlook which could move the stock and indeed other stocks with a more optimistic briefing than many expect.
From a technical perspective we think that the stock has corrected and ready to move higher as signalled by the strong RSI, MACD and Histogram.
AVERAGE ANALYSTS PRICE TARGET $31.38
AVERAGE ANALYSTS RECOMMENDATION overweight
P/E RATION 24
COMPANY PROFILE
Jabil, Inc. engages in the provision of electronic manufacturing services and solutions. It offers electronics design, production, product management, and repair services to companies in the automotive and transportation, capital equipment, consumer lifestyles and wearable technologies, computing and storage, defense and aerospace, digital home, healthcare, industrial and energy, mobility, networking and telecommunications, packaging, point of sale, and printing industries. The firm operates through the Electronics Manufacturing Services and Diversified Manufacturing Services segments. The Electronics Manufacturing Services segment focuses around leveraging IT; supply chain design and engineering; and technologies largely centered on core electronics. The Diversified Manufacturing Services segment provides engineering solutions, with an emphasis on material sciences and technologies. The company was founded by William E. Morean and James Golden in 1966 and is headquartered in St. Petersburg, FL.
JBL: Sort opportunityAn intraday high potential, Back Tested Sort Analysis.
We ll try to enter into the correction of the uptrend movement.
DETAILS ON THE CHART
NOTE: Entry range area above the entry point, is calculated upon 80% of the recorded pullback back tested past performances
DISCLAIMER: This is a technical analysis study, not an advice or recommendation to invest money on.
$JBL Rangebound Finding Support$JBL has been fairly rangebound for the better part of the last year. We tagged the lower support line yesterday and have begun to turn back up.
Adding to the bullish sentiment, we also saw $3.5M worth of leap call options traded yesterday - with about 6k $27 strike Jan'21 contracts purchased.
Targeting a move back to $30 by early November.
Note: Informational analysis, not investment advice.
JBL - H&S formation short from $27.33 to $18.32JBL is forming a possible H&S formation in weekly chart. It seems a good long term short opportunity.
* Trade Criteria *
Date First Found- November 9, 2017
Pattern/Why- Potential H&S in weekly
Entry Target Criteria- Break of $27.33
Exit Target Criteria- $18.32
Stop Loss Criteria- $32.07, $29.43 (Conservative)
Please check back for Trade updates. (Note: Trade update is little delayed here.)